Clear Secured IPO Subscription Status: IPO Subscribed 2.07 Times on Day 2 As QIBs Lead Demand Surge

Mumbai, 2 December 2025: Clear Secured Limited’s IPO  initial public offering (IPO) recorded a subscription of 2.07 times on the second day of bidding, driven by strong demand from institutional investors. The public issue attracted bids worth ₹117.93 crore for the total 43.12 lakh shares offered, reflecting measured interest across all investor categories.

Headquartered in India, Clear Secured Limited operates in the financial services sector, providing secured lending and debt management solutions. With a focus on innovative credit solutions, the company caters to a diverse client base across retail and institutional segments, positioning itself as a structured player in the SME finance market.

Individual Investors Subscription At 1.15 Times Amid Growing Market Interest

Retail participation in the Clear Secured IPO stood at 1.15 times, with applications received for 24.90 lakh shares against the 21.56 lakh shares offered in the individual investor segment. Each application required a minimum investment of ₹2.64 lakh for two lots, based on the upper price band of ₹132 per share, while high-net-worth individuals (HNIs) were required to apply for a minimum of three lots, amounting to ₹3.96 lakh. The retail response showed a gradual increase from Day 1, which recorded a subscription of 0.27 times, indicating steady investor interest in the SME-listed issue.

QIB Subscriptions Jump To 3.46 Times Driving Total Oversubscription

Qualified Institutional Buyers (QIBs), excluding anchor investors, led the overall subscription surge, with 3.46 times subscription status on Day 2. Bids in this segment amounted to 42.63 lakh shares, translating to a total bid value of ₹56.27 crore. Anchor investors and the market maker fully subscribed their portions, with 18.48 lakh shares taken up by anchors and 3.25 lakh shares by the market maker, highlighting structured institutional participation.

Non-Institutional Investors Segment Sees 2.36 Times Subscription

Non-institutional investors (NIIs) subscribed 2.36 times, with the segment breaking down to 3.02 times for bids above ₹10 lakh (bNII) and 1.04 times for bids below ₹10 lakh (sNII). Applications in this category covered 21.81 lakh shares with a total bid value of ₹28.79 crore, reflecting varied investor profiles and engagement in higher-value applications.

Clear Secured IPO Structure and Listing Timeline

Clear Secured’s IPO is a book-built issue of ₹85.60 crore, entirely a fresh issue of 0.65 crore shares. The IPO opened for subscription status on 1 December 2025 and will close on 3 December 2025, with allotment expected on 4 December 2025. The issue will list on the NSE SME with a tentative listing date of 8 December 2025. The price band is set between ₹125 to ₹132 per share, with a lot size of 1,000 shares.

• Book Running Lead Manager: Horizon Management Pvt. Ltd.
• Registrar: Bigshare Services Pvt. Ltd.
• Market Maker: Choice Equity Broking Pvt. Ltd.

The Clear Secured IPO’s subscription patterns reflect measured interest across retail and institutional investors, with QIBs leading the momentum. The structured participation, along with clearly defined timelines and price bands, underscores a well organised issue process.

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